Yingli Supplying 40 Megawatts of Solar Modules in Honduras

(Bloomberg) — Yingli Green Energy Holding Co., the second-largest solar manufacturer, is supplying panels with 40
megawatts of capacity to two power plants in Honduras.

Yingli is delivering 25 megawatts for the first phase of a
50-megawatt project in Nacaome and 15 megawatts for a utility-scale solar farm in Choluteca, the Baoding, China-based company
said in a statement Wednesday. Terms of the sale to Sybac Solar
LLC weren’t disclosed.

Pursuing sales in Latin America “is bearing fruit,”
Yingli Chief Executive Officer Liansheng Miao said in the
statement. It’s a winning strategy “particularly as markets
mature, solar-friendly policies are legislated, and larger
projects become the norm.”

The company’s chief financial officer, Yiyu Wang, said on
June 5 that later this year Yingli may report its first profit
since 2011.

Yingli was the biggest panel maker until surpassed last
year by Trina Solar Ltd.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Carlos Caminada, Steven Frank

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